lem The comparative balance sheet of Barry Company, for 2016 and the preceding year ended December 31, 1. 2015, appears below in condensed form: Year 2015 $ 42,500 Year 2016 $ 72,000 Cash 61,000 121,000 70,200 105,000 100,000 Accounts receivable (net) Inventories Investments ... 515,000 (153,000) $616,000 425,000 (175,000) $567,700 Equipment Accumulated depreciation-equipment $ 59,750 Accounts payable Bonds payable, due 2021 Common stock, $20 par Additional Paid in Capital Retained earnings 47,250 75,000 325,000 25,000 95,450 $567.700 375,000 50,000 131,250 on common stock $616,000 Additional data for the current year are as follows: (a) Net income, $75,800. (b) Depreciation reported on income statement, $38,000. Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment (c) was purchased for $150,000. (d) Bonds payable for $75,000 were retired by payment at their face amount. (e) 2,500 shares of common stock were issued at $30 for cash. (f) Cash dividends declared and paid, $40,000. Investments of $100,000 were sold for $125,000. (g) Prepare a statement of cash flows using the indirect method